Pre-market Notes
SPY is continuing to show weakness into the morning. we have created a lower high at the very important $323.54 and this is our first major resistance on the upside. $319-$319.5 must be defended by bulls, especially on a daily closing basis, or this could get rather ugly ($315.5, $313-$314). A bounce is certainly possible from $319. Bears can look to make a lower high at 323.54 or 325.85.
INTC - once it dropped 53.5, there was nothing but selling. keep an eye for a lower high in this area. 50-52 has a lot of buyers, but they are not really showing themselves in premarket. breaking 50 could lead to a move to 46-45.
Post Market:
INTC - I executed well on INTC, but was afraid to push myself to size up. I was worried that the trade wouldn't work because the market "looked" weak and INTC had fallen so much. Even though the setup was great. I need to recognize this and keep my sizing consistent. I could've added when it started holding over 50 as well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-24 09:33:29 | 31 JUL 20 51 CALL | buy | $1.280 | long |
2020-07-24 09:37:23 | 31 JUL 20 51 CALL | buy | $1.120 | long |
2020-07-24 10:21:36 | 31 JUL 20 51 CALL | sell | $1.340 | long |
2020-07-24 10:24:40 | 31 JUL 20 51 CALL | sell | $1.390 | long |
2020-07-24 10:30:05 | 31 JUL 20 51 CALL | sell | $1.500 | long |
2020-07-24 11:05:45 | 31 JUL 20 51 CALL | sell | $1.710 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!